Blog: May 2017

A Lesson from Sherlock Holmes: Financial Sleuthing

The world is full of obvious things which nobody by any chance ever observes.”
-Sherlock Holmes, The Hound of the Baskervilles

Attention to detail is a necessary attribute in a sleuth, whether the clues are fingerprints, footprints, or an out of place detail. While sleuth is most often used in reference to detectives, anyone who seeks information fits the bill. Sherlock Holmes, a consummate collector of clues, valued the most minute evidence as greatly as the gigantic canine tracks that set him sleuthing on the trail of a murderer in Sir Arthur Conan Doyle's The Hound of the Baskervilles. As financial sleuths, our clues rarely present themselves in paw print form. Our focus as we get to know clients and their situations is on the details of their finances, legal documents, and insurance.

Data! Data! Data!” he cried impatiently. “I can’t make bricks without clay.”
-Sherlock Holmes, The Adventure of the Copper Beeches

Why It’s Important to Build a Great Elder Care Team

Manny is an 83-year-old client with hoarding tendencies and a fading short-term memory. Prior to our involvement, Manny’s relatives had become increasingly concerned about him remaining in his home. There had been talk of moving him to an assisted living facility, though he lived on his own and maintained an active lifestyle, often attending lectures at a local college.

Manny’s house cleaner came two or three times a week, with the only other frequent visitor being the weekly pool maintenance guy. After six months of neglecting to pay the bill, Manny’s water was turned off. His accountant was called in for assistance, which set in motion the systems that resulted in him getting the sort of care he needed.

With the accountant running point, Manny’s team began to take shape. A referral by a local Aging Life Care Professional (ALCP) led the accountant to contact Eddy & Schein. We immediately put Manny’s bills on autopay to prevent a repeat of the water shut-off problem, and got to work addressing the other issues we found.


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